(A detail from Kirk Anderson’s excellent “Banana Republicans” cartoon.)
One of the advantages of living to adulthood is being able to put things in context. Even if most of one’s news comes from network TV, one can work out the truth in the cracks that often appear in the effort to present a smooth semblance of a consensus reality. And if you possess certain forms of specialized knowledge — or if you just plain read a lot — eventually you make enough connections to figure out what’s bullcrap and what’s not.
For instance: Efforts by the Bush Junta to proclaim a ‘recovery’ or even a ‘boom’ ring hollow when stats from the U.S. Bureau Statistics show that real wages peaked in 1972 and, aside from the large gains during the Clinton years, have trended sharply downward since then. This is happening even as analysts as widely divergent as Dean Baker and Warren Buffett have noted that the responsibility for paying taxes has been taken from the rich and dumped onto the rest of us.
The exempting of the rich from both tax load and from financial risk in general has been accelerated since 1980. Not coincidentally, this is the period when the Republicans have exerted the strongest control over Congress and the White House. As David Cay Johnston noted in 2005, the incomes of the wealthiest 0.1 percent of Americans have more than doubled since 1980, while incomes for those in the bottom 90 percent have dropped dramatically and even those persons above the bottom 90% but below the top 1% have made only modest gains at best compared to the hyper-rich one-tenth of one percent.
It wasn’t always that way. Here’s how Johnston puts it into perspective:
One way to understand the growing gap is to compare earnings increases over time by the vast majority of taxpayers – say, everyone in the lower 90 percent – with those at the top, say, in the uppermost 0.01 percent (now about 14,000 households, each with $5.5 million or more in income last year).
From 1950 to 1970, for example, for every additional dollar earned by the bottom 90 percent, those in the top 0.01 percent earned an additional $162, according to the Times analysis. From 1990 to 2002, for every extra dollar earned by those in the bottom 90 percent, each taxpayer at the top brought in an extra $18,000.
Here in Minnesota, the Democrats in the state legislature tried to make a small, reasonable effort at redressing some of this wild imbalance. Their plan was to take some of the property-tax burden off of the vast majority of Minnesotans and to put it on those fortunate few making more than $226,000 a year for individuals and $400,000 a year for married couples — a plan which is very popular among most Minnesotans.
The problem is that while the Democrats won a lot of seats last November, they don’t have enough to override Smilin’ Tim Pawlenty’s vetoes and stop Minnesota’s slide into third-rate Banana Republicanism, where the rich huddle behind gated communities while the rest of us will wind up begging for their scraps. He and his fellow Republicans value cuddling up to David Strom (whose support Pawlenty, who wants to be John McCain’s running mate, will need in his bid for higher office) more than they value taking the platinum-plated golden thumb of the very rich off of the economic scales so that the rest of us can put our heads above water for at least a few gasps.